New method revolutionizes measuring dependence in time series data analysis!
A new method called distance covariance was developed to measure the relationship between sets of data over time, not just independent data points. The dCovTS R package was created to calculate and visualize these relationships for both single and multiple time series. This method can also test if data points are independent of each other over time. The paper explains how distance covariance works for time series and how to use the dCovTS package to apply this method.